Trading Tips:The EUR/USD pair falls -0.25% to 1.1358, retreating from fresh two-day lows struck at 1.1354 last minutes. The major ran through fresh offers near the hourly 20-SMA placed at 1.1379 and accelerates losses thereon, with eyes set on the hourly 200-DMA at 1.1338. The EUR/USD pair came under renewed selling pressure after Thursday’s dovish comments from ECB policymaker Ewald Nowotny spurred hopes of further QE expansion by the central bank.More so, the persisting upbeat global sentiment drove the European stocks higher for the second straight session, thus reducing the demand for the euro as a safer bet. The pan European benchmark, the Euro Stoxx 50 jumps 0.93% to 3,267 while the DAX advances 0.78% to 10,141.Looking ahead, the pair will be influenced by the Euro zone final CPI figures ahead of the US economic data releases with the consumer sentiment survey expected to be the main market mover later today.
RECOMMENDATION :
BUY GBP/USD ABOVE 1.5460 TARGET 1.5480 1.5510 SL 1.5420
SELL GBP/USD BELOW 1.5400 TARGET 1.5380 1.5350 SL 1.5430
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